Retiring In Comfort
Why are these ladies smiling? Gift Annuities make
sense! Word of a good thing travels
fast. When Ruth established a fund with a gift annuity
at the Williamsport-Lycoming Community Foundation,
founding affiliate of the First Community Foundation of
Pennsylvania, she was pleased. She was so happy to be
able to designate a gift to benefit her favorite causes,
while increasing the income available to her during her
lifetime, that she recommended the Foundation to her
friends. Soon, Adelina and Louise established funds of
their own.
Since all of the women wanted to include gifts to
benefit the community in their estate plans, their gift
annuities made sense. By making gifts during their
lifetimes, the women had the opportunity to designate
which causes and agencies will benefit from their gifts.
Plus, the gift annuities pay each of the women income, a
set percentage of the gift (based on ages), for their
lifetimes.
These ladies are smiling for a number of reasons. First,
and most importantly to each of the women, they know
that their intentions will be honored, and the causes
they care most about have been provided for. They know
that they have made a smart move, too, because they have
potentially increased their lifetime income, and
maximized their tax benefits from the gifts.
For more information on gift annuities, or for a free
gift annuity analysis,
contact the Foundation.
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